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Lightsource bp, a developer and manager of solar energy projects, has announced the acquisition of a 845 MW solar portfolio in Spain from Iberia Solar, a local solar developer and part of the Asterion Energies platform, which is a portfolio company of Asterion Industrial Partners. Asterion is an independent investment management firm focusing on infrastructure investments in the European mid-market.
Lightsource bp and Iberia Solar will work in partnership to bring the project pipeline, which consists of five sites across the regions of Castilla la Mancha and Castilla y León, to ‘ready-to-build’ status. Lightsource bp will then lead the projects to financial close and begin construction in 2022.
BP Joint Venture Lightsource bp Buys Spanish Solar Portfolio
Mon, 15th Feb 2021 15:20
(Alliance News) - BP PLC on Monday said its Lightsource bp joint venture has acquired an 845 megawatt solar portfolio in Spain from local solar developer Iberia Solar.
Shares in BP were up 5.0% at 275.00 pence in London on Monday afternoon.
Lightsource bp is a 50:50 joint venture with BP, a FTSE 100-listed integrated energy business with operations in Europe, North and South America, Australasia, Asia and Africa. It develops and manages solar energy projects.
Iberia Solar is part of Asterion Energies platform, a portfolio company of Asterion Industrial ‎Partners. Asterion is an investment managers focused on European mid-market infrastructure investments.